Macro Update - June 2017- Australia’s economy and financial markets may be facing some headwinds as a global rebalancing is underway between the current account surplus nations and those with significant current account deficits. So what should Australian investors do, particularly when the property boom is beginning to subside? Where do the better opportunities lie?

Europe's Road from Austerity to Prosperity - In our March 2017 quarterlymacro overview, Andrew Clifford, CIO, recounted in some detail the causes and effects of the current imbalances in major global economies. He also discussed some of the investment implications the trade imbalance and an impending rebalancing hold for China in particular. This article seeks to build on Andrew’s framework and explore what these phenomena mean for investors in Europe.